Correlation Between Kreditbanken and Jyske Invest
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By analyzing existing cross correlation between Kreditbanken AS and Jyske Invest Virksomhedsobligationer, you can compare the effects of market volatilities on Kreditbanken and Jyske Invest and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Kreditbanken with a short position of Jyske Invest. Check out your portfolio center. Please also check ongoing floating volatility patterns of Kreditbanken and Jyske Invest.
Diversification Opportunities for Kreditbanken and Jyske Invest
0.11 | Correlation Coefficient |
Average diversification
The 3 months correlation between Kreditbanken and Jyske is 0.11. Overlapping area represents the amount of risk that can be diversified away by holding Kreditbanken AS and Jyske Invest Virksomhedsobliga in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jyske Invest Virksom and Kreditbanken is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Kreditbanken AS are associated (or correlated) with Jyske Invest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jyske Invest Virksom has no effect on the direction of Kreditbanken i.e., Kreditbanken and Jyske Invest go up and down completely randomly.
Pair Corralation between Kreditbanken and Jyske Invest
Assuming the 90 days trading horizon Kreditbanken AS is expected to under-perform the Jyske Invest. In addition to that, Kreditbanken is 4.2 times more volatile than Jyske Invest Virksomhedsobligationer. It trades about -0.02 of its total potential returns per unit of risk. Jyske Invest Virksomhedsobligationer is currently generating about 0.08 per unit of volatility. If you would invest 9,359 in Jyske Invest Virksomhedsobligationer on September 13, 2024 and sell it today you would earn a total of 83.00 from holding Jyske Invest Virksomhedsobligationer or generate 0.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Kreditbanken AS vs. Jyske Invest Virksomhedsobliga
Performance |
| Timeline |
| Kreditbanken AS |
| Jyske Invest Virksom |
Kreditbanken and Jyske Invest Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Kreditbanken and Jyske Invest
The main advantage of trading using opposite Kreditbanken and Jyske Invest positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Kreditbanken position performs unexpectedly, Jyske Invest can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jyske Invest will offset losses from the drop in Jyske Invest's long position.| Kreditbanken vs. Lollands Bank | Kreditbanken vs. Groenlandsbanken AS | Kreditbanken vs. Skjern Bank AS | Kreditbanken vs. Djurslands Bank |
| Jyske Invest vs. Kreditbanken AS | Jyske Invest vs. Formuepleje Mix Medium | Jyske Invest vs. Lollands Bank | Jyske Invest vs. Ringkjoebing Landbobank AS |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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